Member Info for StanleyPro

@BloodyRedBaron, exactly. We need similar odds of betting at least on the black as a whole as those dry wells don't come cheap.

28.8% POS according to the article. I've lost count on how many occasions TLW was unlucky so the luck has to turn at some point. We can't take another hit (exploration write-off).

@Hussartbr, and then we're back to "cash outflow" issues, if you remember before August 2022 CINE paid out huge chunks every 3 months until they ran out of liquidity. Please correct me if I'm wrong but even if they manage to take these out of the equation (after restructuring) we should already manage to rake in some profits in 2023. Such deleveraging will come at some expense to the shareholders no doubt.

Come on Hochschild baby, let's break 80p!

The appeal is very low down Cineworld's priority list, it seems our lawyers have been instructed not to work on the Cineplex case at this stage.

Hello @HNS_77
If the business won't be sold things should get interesting. At the end of the day Cineworld needs to get rid of high interest rate loans. The overall debt figure does not matter as long as Cineworld can generate enough cash and for that we need more films.
Is there any progress on Netflix agreement? If we emerge from Ch.11 intact I reckon there's a good chance to see at least some recovery for existing holders. It's hard to say what's happening behind close doors but Mooky could offer equity rights in exchange for help getting rid of bad loans.

the gift that keeps on giving... I'll wait a few more days for a proper SP bargain.

The 2020 support is a re-calculated PMO level. There's no support at 200-210 as such - different company, different assets.

"The cancellation fee for Cineplex was $28m"
If an appeal goes through that's roughly what Cineplex should get at the end + legal expenses.

Hello Wellington99,
"So they will job the whole Group (which I take to mean the businesses in CH11) around the market to see if someone will take the whole thing off their hands, which is possible but unlikely. The note about the Takeover Code etc means that the transaction would not be for Cineworld's current equity but for just the assets/ subsidiaries and so shareholders wouldn't get a say in the matter."
I don't see any benefits for Cineworld selling all the assets vs. part of the business (e.g. Regal or part of Regal) in order to improve the balance sheet and reduce debt to manageable levels. Also, I said this back in August that most likely the lenders are not interested in D4E for Cineworld in its existing form. Ch.11 is a tedious process and possibly, Mooky just wants to demonstrate that there are no decent offers for "the group" as a whole so nobody can offer a better recovery to the senior creditors. It's just part of the process. Make your own conclusions but on the investors forum we may focus on the outcomes for the shareholders and the sale of "the group" doesn't sound very attractive. Certainly, not as good as emerging from Ch.11 intact or even restructuring + partial sale of the US business. Mind you Cineworld only needs to get rid of very high interest loans NOT the entire debt at once then we should be able to manage the rest long term.

Also out @99. Such a good feeling after 86-94 shenanigans.

August & September were brutal - bad news after bad news but hopefully things will change in 2023. The SP moving decimals at the moment but ask yourself where would it end up on a positive RNS? On 1 November investors mulled Ch.11 progress and the SP hit 8.80p. Surely, 10, 15, 20p is possible, maybe even within one or two trading sessions. Why do we see 25-50k trades going through when someone could be massively in the red the next day? Because those decimals do not matter on the bigger scale. GLA in 2023!

"We was at £1.20 this time last year and that was a bargain . Will it be at 60p Dec 23 ??"
Maybe, and that will be a bargain!

off to cineworld this evening, not a regular cinemagoer but we can't let it fold.

they themselves are nearly bankrupt :D

yesterday I bought a small amount at 4.41 which was registered as "unknown", bid was 4.39 and ask 4.50. If your order is big, there has to be enough stock and if nobody's prepared to sell at 4.39 or buy at 4.50 the price remains static. If somebody has placed a sell order at 4.41 and yours is a "buy" at 4.41 then in theory, the deal could happen but in reality it doesn't all imv because there's nothing in it for a MM. If you're prepared to pay a bit more, say 4.42 or the seller decides to come down to 4.40 then there could be enough £s to take stock from one basket and put to the other, where the spread largely depends on your order size. Automatic trades inject liquidity but there were very few of those yesterday. It seems that only a small amount of shares is available right now which is good for a big rise on the news, there's a glimmer of hope that we can be back to 16-20p when CINE exits Ch.11.

A bull flag has formed on 4h/1d charts, it's time to announce the permit extensions. :)

is huge today due to low volume, 4.32 - 4.60. Would like to get some at 4.4 which is above the bid.

I don't think their clients are looking to get on board. We approached key resistance level (94.5) and with large shorts open, a breakout would've made their life miserable so JPM publish their note and next morning ftse was blue and RR was red.

£3 is quite pessimistic imv, the SP briefly touched 390p at the beginning of October, this could well be the low in current recession, especially when looking at other ftse stocks minima and you'll find most around late September, early October time. If the SP drifts further south in the coming months, 390p would be the level to watch.